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Economy

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Kazakhstan experts comment on fuel deficiency probability Kazakhstan experts comment on fuel deficiency probability Earlier The Voice of Russia reported that Kazakhstan might face a deficit of high-quality petrol in autumn of 2013 because of the delays in the launch of the processing of Kazakhstan oil in China.
13 September 2013
Bailouts still key issue as eurozone finance ministers meet Bailouts still key issue as eurozone finance ministers meet Eurozone finance ministers meet in calmer times Friday but still need to ensure bailed-out member states meet their targets amid growing speculation some will need more help to get back on track.
13 September 2013
International Paper to close plant, cutting 1,100 jobs International Paper to close plant, cutting 1,100 jobs International Paper said Wednesday it would close an Alabama plant amid falling paper demand as US consumers switch to online alternatives.
12 September 2013
Transneft ready to ship Kashagan crude Transneft ready to ship Kashagan crude However, we need to know the anticipated volume and make sure the supplies are stable: Transneft’s spokesman.
12 September 2013
US bailout 5 years ago avoided catastrophe: Treasury US bailout 5 years ago avoided catastrophe: Treasury The US Treasury said Wednesday the government's massive response to the economic crisis five years ago paid off, avoiding a catastrophic breakdown of the financial system.
12 September 2013
Kazakhstan to start investing its National Oil Fund assets into its own economy starting from 2014 Kazakhstan to start investing its National Oil Fund assets into its own economy starting from 2014 The annual transfer [to complement the country’s budget] from the National Oil Fund will make up about $9 billion.
12 September 2013
Oil prices mixed as Obama seeks to delay Syria vote Oil prices mixed as Obama seeks to delay Syria vote Oil prices were mixed in Asian trade Wednesday, following big falls in New York and after US President Barack Obama asked Congress to delay a vote on US military action in Syria, analysts.
12 September 2013
NCOC poised to start commercial production at Kashagan in October NCOC poised to start commercial production at Kashagan in October The operator of Kashagan oilfield in Kazakhstan, NCOC consortium, is interested in starting the commercial production in October 2013.
11 September 2013
British Max Petroleum strikes oil in Kazakhstan British Max Petroleum strikes oil in Kazakhstan British Max Petroleum PLC has discovered oil at Sagiz West and Uitas fields in Atyrau oblast in western Kazakhstan.
11 September 2013
TENGRI LIFE
TENGRI TRAVEL
Chevron claims new proof of fraud in Ecuador pollution ruling Chevron claims new proof of fraud in Ecuador pollution ruling US oil giant Chevron, hit in Ecuador with a record $19 billion fine for pollution, asked Monday for the court to consider what it claimed was "new evidence" the judge in the case was corrupt.
11 September 2013
Kazakhstan is second largest CIS investor: EDB Kazakhstan is second largest CIS investor: EDB Kazakhstan is the second largest investor in the CIS with the investments volume of $5.6 billion.
10 September 2013
H1 2013 Kazakhstan’s exports of finished goods makes up $1.8 billion, 8.9% up against the like period of 2012 H1 2013 Kazakhstan’s exports of finished goods makes up $1.8 billion, 8.9% up against the like period of 2012 Exports of finished goods almost doubled from $2.3 billion back in 2010 to $4.2 billion in 2012.
10 September 2013
Kazakhstan’s President suggests working out an effective system to manage the country’s hydrocarbons Kazakhstan’s President suggests working out an effective system to manage the country’s hydrocarbons By 2050 the share of alternative sources should be brought up to 50% (…) Kazakhstan does have all the prerequisites for that, he believes.
10 September 2013
The Government to keep on exiting companies earlier bailed out amidst the global financial crisis: President Nursultan Nazarbayev The Government to keep on exiting companies earlier bailed out amidst the global financial crisis: President Nursultan Nazarbayev The share of the Government in industrial and infrastructure assets is to be slashed, the President said.
10 September 2013
Oil production at the giant Kashagan oilfield is to start in the nearest days Oil production at the giant Kashagan oilfield is to start in the nearest days Earlier the country’s media reported that the oil production was to start September 9.
10 September 2013
Oil prices slide from Syria-fuelled highs Oil prices slide from Syria-fuelled highs Oil prices lost support Monday after hitting 28-month highs over fears of fallout from a possible US military attack on Syria for its alleged use of chemical weapons.
10 September 2013
National Bank releases 5 000 coin dedicated to tenge's 20th anniversary National Bank releases 5 000 coin dedicated to tenge's 20th anniversary The National Bank of Kazakhstan put into circulation two new commemorative silver coins of 500 and 5 000 tenge nominal value.
10 September 2013
Apple expected to expand iPhone reach with new models Apple expected to expand iPhone reach with new models Apple's highly anticipated event Tuesday looks to extend the reach of the iPhone to new markets as the tech giant moves to regain momentum in the smartphone segment.
10 September 2013
Xi Jinping on restoration of Silk Road Xi Jinping on restoration of Silk Road The Chinese leader suggests that Central Asian countries enhance political coordination, actively develop the common road network and reduce barriers to trade.
09 September 2013
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